Communications and Sustainability Director
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Altia Plc Stock Exchange Release 29 January 2020 at 10:00 am EET
Proposals by Altia’s Shareholders’ Nomination Board to the Annual General Meeting 2020
Altia’s Shareholders' Nomination Board has submitted its proposals to the Annual General Meeting, which is planned to be held on 25 March 2020. Altia’s Board of Directors will summon the Annual General Meeting later.
Proposal on the number of members and composition of the Board of Directors:
The Shareholders’ Nomination Board proposes to the Annual General Meeting that the number of members of the Board of Directors would be seven (7).
Further, the Nomination Board proposes that of the present members Tiina Lencioni, Jukka Ohtola, Anette Rosengren, Torsten Steenholt and Sanna Suvanto-Harsaae would be re-elected and that Jukka Leinonen and Jyrki Mäki-Kala would be elected as new members. The Board members’ term lasts until the end of the next Annual General Meeting.
Jukka Leinonen, M. Sc. Electrical Engineering, born 1962, Finnish citizen, has extensive experience from managing and leading successful and growing businesses in the telecommunications sector. Leinonen is currently CEO of DNA Ltd and Executive Vice President, Nordic Cluster at Telenor ASA. A brief presentation and photo of Leinonen are attached to this release. Leinonen is independent of the company and the shareholders of the company.
Jyrki Mäki-Kala, M. Sc. Econ, born 1961, Finnish citizen, has strong experience from CFO positions at stock exchange listed companies. Mäki-Kala is currently CFO at Neste Oyj. A brief presentation and photo of Mäki-Kala are attached to this release. Mäki-Kala is independent of the company and the shareholders of the company.
Current Board members Kim Henriksson and Kai Telanne have informed that they are not available for re-election to the Board of Directors. Henriksson has been a member of Altia’s Board of Directors and the Chairman of the Audit Committee since 2015. Telanne has been a member of Altia’s Board of Directors since 2016 and acted as the Vice Chairman since 2018.
Further, the Nomination Board proposes that Sanna Suvanto-Harsaae would be elected as Chairman and Jyrki Mäki-Kala as Vice Chairman of the Board of Directors.
Proposal on the remuneration of the Board of Directors:
The Shareholders’ Nomination Board proposes to the Annual General Meeting that the remuneration to be paid to the members of the Board of Directors during the next term would consist of a monthly term of office fee as follows:
EUR 4 000 per month, Chairman
EUR 2 500 per month, Vice Chairman
EUR 2 000 per month, member
In addition to the monthly fee, the Board members would receive a meeting fee for the Board of Directors and Board Committee meetings of EUR 600 per meeting for Board members residing in Finland and EUR 1 200 per meeting for Board members residing abroad. Travel expenses would be reimbursed in accordance with the company’s travel policy.
Proposal to amend the Charter of the Shareholders’ Nomination Board:
According to the Charter of the Shareholders’ Nomination Board, the members of the Nomination Board shall represent the Company’s three largest shareholders who (i) represent the largest number of votes of all shares in the Company on the first banking day of September each year, as determined on the basis of the shareholder register of the Company maintained by Euroclear Finland Ltd; and (ii) wish to nominate a member to the Nomination Board.
The Shareholders’ Nomination Board proposes to the Annual General Meeting that the Charter of the Nomination Board be amended so that the three largest shareholders shall be determined on the first banking day of June each year.
Composition of Altia’s Shareholders’ Nomination Board
As announced on 2 October 2019, the members of Altia’s Shareholders’ Nomination Board are:
Pekka Hurtola, the Ownership Steering Department in the Prime Minister’s Office, Chairman of the Shareholders’ Nomination Board
Hanna Kaskela, Varma Mutual Pension Insurance Company
Annika Ekman, Ilmarinen Mutual Pension Insurance Company
In addition, the Chairman of Altia’s Board of Directors, Sanna Suvanto-Harsaae acts as an expert member in the Nomination Board.
Pekka Hurtola, Chairman of Altia’s Shareholders’ Nomination Board, tel. +358 295 160 143
Analysts and investors: Tua Stenius-Örnhjelm, Investor Relations, tel. +358 40 748 8864
Media: Petra Gräsbeck, Corporate Communications, tel. +358 40 767 0867
Nasdaq Helsinki Ltd